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Leor Sabet Of The Sabet Group Acquires Mixed-Use Property From Marie France Perugini For $3.3M

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SOLD
$3,300,000

New York

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Mixed-use6,168 SF
Sold 09/30/2024
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Property Image
SOLD

Leor Sabet Of The Sabet Group Acquires Mixed-Use Property From Marie France Perugini For $3.3M

325 East 14th Street

See Similar Deals
Mixed-use6,168 SF
Sold 09/30/2024
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$535
Total Square Footage:6,168 SF
Transaction Type:Sale

The mixed-use building located at 325 East 14th Street in Gramercy Park, Manhattan was sold for a transaction price of $3,300,000. The property encompasses a total of 6,168 square feet, translating to a price per square foot of $535.

Summary of transation details:

The transaction was executed swiftly, noted for its rapid contract to close. The brokers involved, Craig Waggner, John Ciraulo, and Jack Stephen from Cushman & Wakefield, highlighted that the building was delivered with vacant commercial spaces on the ground floor and parlor floors, along with one of the three floor-through two-bedroom apartments.

Players

John Ciraulo
47 deals$732.2M volume(212) 660-7700
BROKER

Craig Waggner
Cushman & Wakefield
46 deals$696M volume
BROKER

Jack Stephen
Cushman & Wakefield
12 deals$166.5M volume(212) 841-5099
BROKER

Details

SOLD
IMAGE: Craig Waggner, John Ciraulo & Jack Stephen DATE: 09/30/2024 ADDRESS: 325 East 14th Street MARKET: Gramercy Park, Manhattan ASSET TYPE: Mixed-use BUYER: Leor Sabet - The Sabet Group SELLER: Marie France Perugini BROKERS: Craig Waggner (@Craig_Waggner), John Ciraulo (@JohnCiraulo) & Jack Stephen - Cushman & Wakefield (@CushWake) SALE PRICE: $3,300,000 SF: 6,168 ~ PPSF: $535 NOTE FROM BROKER: The building was delivered with the commercial spaces on the ground floor and parlor floors vacant as well as 1 of the 3 floor-through two-bedroom apartments. This was a quick contract to close! For more information or similar opportunities, please contact: 212-660-7744 or [email protected], [email protected], [email protected]

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
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